2023 ZAR to VND Historical Review

YEARLY HIGH

1399.8582 VND

YEARLY LOW

1186.6249 VND

YEARLY AVERAGE

1293.0491 VND

2023 ZAR to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 1399.8582. Conversely, the yearly low was recorded on May 25, dropping to 1186.6249.

This high-to-low spread represents a total annual volatility of 213.2333 VND. From a start-to-finish perspective, comparing the January average rate of 1374.4406 to the December average rate of 1306.0647, the exchange rate registered a net change of -4.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1399.8582 was down 11.21% compared to the 2022 peak of 1576.5877, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 69,992,908 VND

2022 Average 71,683,487 VND

Yearly Trough Low 59,331,244 VND

Transaction Impact: A difference of 10,661,664.41 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1388.9524

1214.8107

JanuMarcMayJulySeptNove

ZAR to VND Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1293.8583, compared to 1292.2400 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6183 points.

H1 Avg (Jan–Jun) 1293.8583

H2 Avg (Jul–Dec) 1292.2400

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 111.0956 VND (High: 1348.1074 / Low: 1237.0118). On the other end, September was the most stable month, with a tight range of 48.0018 VND (High: 1300.1764 / Low: 1252.1746).

July Spread (Volatile) ±111.0956

September Spread (Stable) ±48.0018

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 62.8154 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -62.8154

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1374.4406) against the same month in 2022 (average: 1465.0196), the exchange rate shifted by -90.5790 (-6.18%).

2023 Avg (January) 1374.4406

2022 Avg (January) 1465.0196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1399.8582	1347.2948	1374.4406
February	1375.6709	1291.1638	1319.6823
March	1320.3116	1256.1540	1292.0493
April	1319.8377	1266.8450	1292.1379
May	1281.9170	1186.6249	1229.3225
June	1293.9948	1196.8145	1255.5171
July	1348.1074	1237.0118	1299.8016
August	1308.7336	1248.1345	1271.0052
September	1300.1764	1252.1746	1277.2501
October	1317.2476	1250.4291	1286.5264
November	1348.1407	1282.2837	1312.7918
December	1332.4301	1271.2314	1306.0647